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Wells Fargo Says It Is Not Too Late to Purchase Bitcoin

It’s not too late to put money into bitcoin, mentioned multinational monetary providers big Wells Fargo in a Monday report, drawing parallels between the adoption charges of the web within the Nineteen Nineties and that of cryptocurrencies right this moment.

Wells Fargo’s world funding technique crew defined within the report that Bitcoin’s over 200% annualized positive factors since its first transaction in 2010 typically lead some traders to suppose that it could be too late to affix the occasion. Nonetheless, the large financial institution disagrees.

“We perceive the ‘too late to take a position’ argument however don’t subscribe to it,” the report mentioned, explaining that much like the web within the mid-to-late-Nineteen Nineties, Bitcoin and cryptocurrencies “might quickly exit the early adoption section and enter an inflection level of hyper-adoption.”

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